The results of a study (Carter et. al.) of gamma ray bursts using long duration balloon exposure are analyzed. Arguments are presented against the conclusion that the size spectrum extrapolates to a power law with index from -1.0 to -0.5, and that therefore the gamma ray bursts are of galactic origin. It is claimed that the data are consistent with an upper limit over 100 times that proposed, and that therefore no conclusion can be drawn from the measurements regarding the nature or origin of gamma ray bursts. The resulting upper limit to the rate of occurrence of small bursts lies above the -1.5 index power law extrapolation of the size spectrum of known events, i.e., greater than the rate expected from an infinitely extended source region.